A secondary driver is on the pharmacy/HBA side where Walmart's $4 generic program has been enhanced by the emergence of new, high volume generic drugs and the lingering affect of a dispute between Express Scripts and Walgreens. WMT has been the beneficiary of a big chunk of Walgreens Rx clientele which also buys general merchandise items while they are in the store. The margins on generics, while heavily discounted, are actually better than typical grocery margins which partially offsets the lag of retail food prices catching up to inflation.
In terms of consumer spend, Q4 is the one quarter where grocery volume is relatively impervious to the weakened economy and, in fact, tends to drag along the sale of a lot of higher margin goodies as shoppers may cut spending on discretionary gifts but will ALWAYS put a great spread on the table for the holidays.
I think that Walmart is going to close out the year on a high note and remain heavily invested in WMT stock.
Recent WMT News
- Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News • IH Market News • 07/03/2024 10:59:39 AM
- Nike Stock Drops 14% in Pre-Market; Nokia Acquires Infinera for $2.3 Billion, and More News • IH Market News • 06/28/2024 10:50:25 AM
- Walmart Cooks Up Savings This July Fourth With Basket of Cookout Essentials for Eight, Priced Under $50 • Business Wire • 06/27/2024 02:53:00 PM
- Hibbett Expands Same-Day and Next-Day Delivery of Athletic-Inspired Apparel and Footwear with Walmart GoLocal and Salesforce • Business Wire • 06/26/2024 02:24:00 PM
- Dow Dips, Nasdaq Gains, Oil Prices Rise • IH Market News • 06/26/2024 11:00:03 AM
- Walmart Expands Free HIV Screenings to 18 Pharmacies in Colorado and Virginia • Business Wire • 06/24/2024 12:00:00 PM
- Walmart Expands Free HIV Screenings to 18 Pharmacies in Virginia and Colorado • Business Wire • 06/24/2024 12:00:00 PM
- UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News • IH Market News • 06/24/2024 11:00:20 AM
- Walmart Ignites a Red-Hot Trend with “Spicy Summer” Campaign • Business Wire • 06/24/2024 05:00:00 AM
- Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News • IH Market News • 06/20/2024 10:55:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:14:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:12:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:10:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:05:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:02:24 PM
- Adobe Soars 15% Pre-Market; Visa and Mastercard Encounter Hurdles in $30 Billion Agreement, and More • IH Market News • 06/14/2024 11:21:47 AM
- Walmart Relaunches No Boundaries, its $2B Modern Fashion Brand Designed for Gen Z • Business Wire • 06/13/2024 06:04:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 10:15:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 10:14:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 10:12:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/12/2024 02:13:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 09:16:35 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 09:16:35 PM
- Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News • IH Market News • 06/10/2024 11:29:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:59:21 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM